Sebi Notifies New PMS Rules Expanding Portfolio Managers' Investment Options
Sebi has introduced a new Portfolio Management Services (PMS) framework effective April 1, 2027. The rules allow portfolio managers to invest in IPOs, primary market debt, and overseas securities. They can also provide advisory services on unlisted securities for large investors. Additionally, a new Portfolio Managers Route will enable investments in mutual fund direct plans, broadening investment avenues.
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